LyondellBasell Industries N.V. (NYSE:LYB) reported better-than-expected fourth-quarter 2024 sales on Friday.
LyondellBasell reported revenues of $9.497 billion, down 4.4% year-over-year and above the consensus of $9.225 billion. Adjusted EPS was at 75 cents, which is in-line with the consensus.
For 2025, the company said it anticipates seasonal demand improvements in the first quarter of 2025, supported by lower interest rates, moderate inflation, and rising durable goods consumption.
The company aligns operations with global demand, expecting Olefins & Polyolefins Americas at 80%, EAI at 75% and Intermediates & Derivatives at 80%.
LyondellBasell shares fell 0.2% to trade at $75.53 on Monday.
These analysts made changes to their price targets on LyondellBasell following earnings announcement.
- Wells Fargo analyst Michael Sison maintained LyondellBasell with an Overweight and lowered the price target from $95 to $90.
- UBS analyst Joshua Spector maintained LyondellBasell with a Neutral and lowered the price target from $77 to $76.
- Barclays analyst Michael Leithead maintained the stock with an Equal-Weight and cut the price target from $90 to $80.
Considering buying LYB stock? Here’s what analysts think:
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